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The History of the End of the World Chart

March 30, 2020 / news.goldseek.com

RambusThere are just a handful of events in ones lifetime that are truly history making in their magnitude. For instance the 1918 Spanish Flu pandemic, the 1929 stock market crash, Pear Harbor, the 1987 stock market crash and 911 to name a few. When all of those historical events took place it felt like the end of the world for those that were living in that time period. How could our world ever...Read More

The Shortage Of LBMA Bars Persisted Before Coronavirus

March 30, 2020 / news.goldseek.com

Dave Kranzler, Mining Stock JournalI found it amusing that Zerohedge tried to take credit for reporting the problem of a physical gold shortage on the LBMA and Comex earlier last week. Several of we "gold bugs" have been discussing and reporting on this issue since before the virus crisis exploded. The Comex has been settling contracts that stand for deliver through EFT and PNT transactions by w...Read More

SWOT Analysis: Gold May Reach $2,500 Due to Fed Stimulus

March 30, 2020 / news.goldseek.com

Strengths? ? The best performing metal this week was palladium, up 37.90 percent, essentially regaining all the losses from the prior two weeks. Platinum and silver also rebounded strongly. Gold headed for its biggest weekly gain since 2008 while platinum and palladium were on track for their biggest weekly increases on record. It was a smashing week for precious metals due to supply...Read More

Will Coronavirus End the Fed?

March 30, 2020 / news.goldseek.com

September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in the repo market rose to almost 10 percent, well above the Fed's target rate.The New York Fed claime...Read More

This Past Week Was More Important Than You May Understand

March 30, 2020 / news.goldseek.com

By Avi GilburtOn Thursday, we saw the worst jobless claims number in history (and by far). Yet, the S&P500 futures rallied over 200 points from their overnight lows. So, are we to believe that the "cause" of that rally was the jobless claims?I can assure you that if the market dropped 200 points there would be no question in your mind that the drop was certainly caused by the jobless claim's ann...Read More

AT A GLANCE: JFE Steel faces zero profit for first time in history

March 31, 2020 / www.metalbulletin.com

Major Japanese steelmaker JFE Steel is facing the prospect of recording zero profit for the year ending March 2020 for the first time in its history due to global economic tensions and rising raw materials prices, it warned on Friday March 27.This has led the company to plan to shut one blast furnace in its East Japan Works and restructure its remaining operations in Japan, it said.In brief JFE St...Read More

CHINA REBAR: Rate cut sparks bearish sentiment

March 31, 2020 / www.metalbulletin.com

China domestic rebar prices fell on Monday March 30 on pessimism over the recovery of demand in the country after its central bank cut the rate on seven-day reverse repurchase agreements by 20 basis points - the largest in nearly five years.Eastern China (Shanghai): 3,430-3,460 yuan ($483-488) per tonne, down 40 yuan per tonneNorthern China (Beijing): 3,350-3,370 yuan per tonne, down 30 yuan per t...Read More

Fed's 'all-in' coronavirus response is a 'clear and present danger' to the economy and US creditors: Jim Grant

March 31, 2020 / marketsanity.com

Jim Grant, founder and editor of Grant's Interest Rate Observer, joins "Squawk Box" by phone to discuss the Fed's moves in the wake of the coronavirus pandemic.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That C...Read More

El-Erian: 'We're not in an all clear' for stock index buying, but the sell 'everything' moment has passed

March 31, 2020 / marketsanity.com

Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" by phone to discuss the markets as well as the Fed action to try to lift the economy amid the coronavirus-driven slowdown.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the...Read More

Harley Schlanger: Federal Reserve Actions Will Cause Hyperinflation!

March 31, 2020 / marketsanity.com

Harley Schlanger's work can be found at LaRouchePAC.com.Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world...Read More

This Time Really is Different - Jordan Roy Byrne

March 31, 2020 / marketsanity.com

The moves in the gold market during the past month have been insane. We've seen a false breakout, a crash and then a false breakdown. It all comes down to where you close the period. The fact that gold rallied back to its pre-crash peak is quite encouraging. It recovered all of its losses and got back to its previous point. Therefore, that's reason for great optimism. While the volatility has made...Read More

Police arrest Florida pastor for holding church services during coronavirus lockdown

March 31, 2020 / marketsanity.com

"His reckless disregard for human life put hundreds of people in his congregation at risk...as well as put thousands of residents who may interact with them in danger."Continue...Read More

Britons warned not to expect to get back to 'normal life' for at least six months

March 31, 2020 / marketsanity.com

People should not be expect the coronavirus crisis to blow over soon. "If we stop then all of our efforts will be wasted and we could potentially see a second peak. So over time, probably over the next six months, we will have a three-week review."Continue...Read More

Mannarino: Wow.. ZERO Economic Activity, Possible 32% Unemployment, AND STOCKS RALLY?!

March 31, 2020 / marketsanity.com

"The economy? We have no economy. There is no economy...and yet stocks rally?!"Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ul...Read More

EXCELLENT NEWS: Hydroxychloroquine Treatment Effective on 699 Patients

March 31, 2020 / marketsanity.com

The Hydroxy treatment appears to be working so far! In an exclusive interview, Dr. Vladmir Zelenko shares with us a preliminary study outlining that out of his 699 patients treated, he has had ZERO deaths, ZERO intubations, and four hospitalizations. In today's episode of Common Sense, Dr. Zelenko breaks it down and gives a lucid explanation of the rationale behind his treatment. If you have been...Read More

Fed predicts unemployment rate may hit 32%!

March 31, 2020 / marketsanity.com

According to St. Louis Fed projections, the coronavirus pandemic could result in 47 million jobs lost and send the unemployment rate past 32%!Continue...Read More

Hospitals turn to snorkeling masks to cope with respirator shortage

March 31, 2020 / marketsanity.com

Medical experts in Europe and beyond are unable to keep up with the number of coronavirus patients needing respirators so they have come up with an interesting solution to the problem.Continue...Read More

Lynette Zang - THE DOLLAR DESTRUCTION ESCALATES: Helicopter Money & Hyperinflation On the Way

March 31, 2020 / marketsanity.com

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More

Conditions are ripe for the price of gold bullion to double

March 31, 2020 / marketsanity.com

Nominal interest rates are at zero (with real rates probably negative), deficit spending continues to explode and the Federal Reserve's Continue...Read More

Ferro-vanadium downtrend continues on weak consumer demand amid virus uncertainty

March 31, 2020 / www.metalbulletin.com

Ferro-vanadium prices continued to move down last week in Europe and China on weakening consumer demand due to the impact of the Covid-19 pandemic on business operations. Measures imposed to limit the spread of the coronavirus outside of China continues to pressure China's export price for ferro-vanadium, which ticked down for the second consecutive week on Thursday March 26. Fastmarkets assessed&...Read More

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